TotalEnergies (TTE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
TotalEnergies has announced a final investment decision for the GranMorgu development in Suriname’s offshore Block 58, a project estimated to hold over 750 million barrels of recoverable oil reserves. With a total investment of around $10.5 billion, the project aims to produce 220,000 barrels per day by 2028, while contributing significantly to the local economy by creating over 6,000 jobs. This marks a major step for Suriname’s oil industry, leveraging advanced technologies to minimize greenhouse gas emissions.
For further insights into TTE stock, check out TipRanks’ Stock Analysis page.